Kuwait and saudi arabia

ALibyan oil worker from the Libyan National oil and gas company checks an oil pipelines at the Zawiya oil installation in Zawiya, Libya - Photo AFP/Getty Images In its monthly report, OPEC said it produced 797,000 fewer barrels per day in January than in the previous month, a decrease in line with the cartel's pledge to curb output in a bid to boost sagging prices. The decrease by the group of 14 producer countries - which has long manipulated oil output to influence global prices in members' favour - brought total production to 30.81 million barrels per day in the month, the report said citing secondary sources. The reduction came mostly from the world's top oil exporter and OPEC kingpin Saudi Arabia, which cut 350,000 barrels per day, followed by the United Arab Emirates and Kuwait. Oil production in Venezuela, which has been rocked by a crippling economic crisis, spiralling political turmoil and US sanctions, meanwhile sank by 59,000 barrels per day. The cartel's scale-back was … [Read more...] about OPEC oil production falls as Saudi Arabia slashes output

The Ras Laffan city where LNG facilities are located in Qatar - Photo: AFP/ TTXVN Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah on Wednesday announced that talks between Kuwait and Saudi Arabia to find a solution to the Gulf crisis are ongoing. Theo aa.com.tr … [Read more...] about Kuwait: Talks with Riyadh ongoing to solve Gulf crisis

Viet Nam News RIYADH — Saudi Arabia, the United Arab Emirates and Kuwait have offered $2.5 billion in aid for Jordan to ease its economic crisis following a wave of anti-austerity protests, the Saudi state media announced early Monday. "In light of the close brotherly ties... it was agreed that the three countries would provide an economic aid package to Jordan totalling $2.5 billion," the official Saudi Press Agency said. The package, announced at a summit of the four nations in the holy city of Mecca, will include a deposit in the Jordanian central bank, World Bank guarantees, budgetary support over five years and financing for development projects, SPA said. The summit, called by Saudi King Salman, was attended by Jordan’s King Abdullah II along with leaders of the United Arab Emirates and Kuwait. Mass protests against price rises and a proposed tax hike have rocked Jordan in recent days as the government pushes austerity measures to slash the country’s … [Read more...] about Saudi Arabia, UAE, Kuwait offer $2.5 bn in aid to crisis-hit Jordan

The United States, United Kingdom and Kuwait urged all parties to a Gulf Arab diplomatic row over Qatar to resolve their dispute as quickly as possible through dialogue, Kuwait state news agency KUNA reported on Tuesday.
The statement came as U.S. Secretary of State Rex Tillerson and British National Security Advisor Mark Sedwill visited Kuwait, which is acting as a mediator, in order to patch up the row among the Western-allied countries.
Coming from some of the most influential powers in the dispute, the plea for a negotiated solution may aim at an earlier refusal by Qatar's adversaries to discuss renewing ties with Doha until it first acquiesced to a list of stiff demands.
Saudi Arabia, Bahrain, UAE and Egypt imposed sanctions last month, accusing Doha of aiding terrorism, something it denies.
The State Department said Tillerson would hold talks with leaders in Kuwait, Qatar and Saudi Arabia.
Riyadh and its allies accuse Qatar of financing extremist groups and … [Read more...] about US, UK, Kuwait urge swift negotiated solution to Qatar crisis

(VOVworld)- Dmitry Gorin, Vice President of Russia's Association of Tourism Operators, said on Thursday that flights between Russia and Egypt are likely to resume by January or February 2016 at the latest.
Gorin told media that there is no reason to continue contraints on travel to Egypt.
Russia, Britain, and other countries suspended flights to Egypt after a Russian plane crash in Sinai in November killed all passengers on board.
Tourism Minister Hisham Zaazou announced the same day that he will visit a number of Arab countries, including Kuwait and Saudi Arabia, to launch the "This is Egypt" campaign to promote tourism. … [Read more...] about Flights between Russia and Egypt likely to resume in early 2016